A constructive engagement between Pakistan and India during a latest round of water talks held here has raised hopes for an amicable resolution of the dispute, according to a top international expert.
The board of Hindalco Industries, which is meeting on Friday, will consider company management’s proposal to raise up to Rs 4,400 crore via debt.
Power plants idling away due to non-availability of coal may soon get relief, with the government planning to relax electricity procurement norms for distribution companies.
In the central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress.
The biggest rescue package being stitched together for distressed power plants could see lenders take over three imported coal-fired generation stations of the Tata, Adani and Essar groups, involving an estimated investment of over Rs 40,000 crore, and transfer 100% equity for Re 1 to consumers states, including Gujarat where these plants are located.
Power plants holding longterm power purchase agreements with consumers have asked Coal India for a 12-month e-auction calendar, to help them plan operations better.
India on Tuesday said it would sign future long-term liquefied natural gas (LNG) purchase deals with Qatar if only Doha agrees to acquire stakes in the South Asian nation’s power plants, oil minister Dharmendra Pradhan said.
The government today said that despite being rich in coal reserves, the country has to import the fossil fuel for power plants with an installed capacity of 83,100 MW which are designed to feed on imported coal.
India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there’s a significant slowdown in Chinese investments in thermal power plants.
Investors in China and India increasingly dominate ownership of coal reserves amid campaigns for divestment in many rich nations to limit the risks from climate change, a study showed on Tuesday